7) The 10-year Treasury bond has a YTM = 4.726%. The price is $9,484.38 and the face value is $10,000 and payments are semi-annual. What is the coupon on the bond? (provide answer as x.xxxxx%)

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
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7) The 10-year Treasury bond has a YTM = 4.726%. The price is $9,484.38 and the face value
is $10,000 and payments are semi-annual. What is the coupon on the bond? (provide answer
as x.xxx%)
Transcribed Image Text:7) The 10-year Treasury bond has a YTM = 4.726%. The price is $9,484.38 and the face value is $10,000 and payments are semi-annual. What is the coupon on the bond? (provide answer as x.xxx%)
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